BLOCK INC. CLASS A - Daily - Technical analysis published on 03/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 114.06 USD
My targets
96.16 USD (-2.29%)
81.99 USD (-16.69%)
My analysis
The bearish trend is currently very strong for BLOCK INC. CLASS A. As long as the price remains below the resistance at 114.06 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 96.16 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 81.99 USD as an objective. Crossing it would then enable sellers to target 60.88 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The BLOCK INC. CLASS A price is 98.42 USD. On the day, this instrument lost -7.60% and was between 98.18 USD and 108.08 USD. This implies that the price is at +0.24% from its lowest and at -8.94% from its highest.98.18
108.08
98.42
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BLOCK INC. CLASS A indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.09 | 60.88 | 81.99 | 98.42 | 115.21 | 137.45 | 166.66 |
| Change (%) | -61.30% | -38.14% | -16.69% | - | +17.06% | +39.66% | +69.34% |
| Change | -60.33 | -37.54 | -16.43 | - | +16.79 | +39.03 | +68.24 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.52 | 95.79 | 101.16 | 110.43 | 115.80 | 125.07 | 130.44 |
| Camarilla | 102.49 | 103.84 | 105.18 | 106.52 | 107.86 | 109.20 | 110.55 |
| Woodie | 84.56 | 94.82 | 99.20 | 109.46 | 113.84 | 124.10 | 128.48 |
| Fibonacci | 95.79 | 101.39 | 104.84 | 110.43 | 116.03 | 119.48 | 125.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.20 | 87.63 | 97.08 | 114.51 | 123.96 | 141.39 | 150.84 |
| Camarilla | 99.13 | 101.59 | 104.06 | 106.52 | 108.98 | 111.45 | 113.91 |
| Woodie | 66.20 | 85.64 | 93.08 | 112.52 | 119.96 | 139.40 | 146.84 |
| Fibonacci | 87.63 | 97.90 | 104.25 | 114.51 | 124.78 | 131.13 | 141.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.93 | 64.83 | 96.16 | 114.06 | 145.39 | 163.29 | 194.62 |
| Camarilla | 113.96 | 118.48 | 122.99 | 127.50 | 132.01 | 136.53 | 141.04 |
| Woodie | 53.66 | 68.19 | 102.89 | 117.42 | 152.12 | 166.65 | 201.35 |
| Fibonacci | 64.83 | 83.63 | 95.25 | 114.06 | 132.86 | 144.48 | 163.29 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.24 | |
| MACD (12,26,9): | -3.6600 | |
| Directional Movement: | -11.36 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 105.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.81 | |
| Elder Ray (13): | -6.62 | |
| Super Trend (3,10): | 96.29 | |
| Zig ZAG (10): | 99.34 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 48.22 | |
| TEMA (21): | 111.18 | |
| Williams %R (14): | -68.09 | |
| Chande Momentum Oscillator (20): | -10.48 | |
| Repulse (5,40,3): | -23.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6300 | |
| Courbe Coppock: | 6.19 |
| MA7: | 116.67 | |
| MA20: | 108.40 | |
| MA50: | 125.06 | |
| MA100: | 172.35 | |
| MAexp7: | 109.75 | |
| MAexp20: | 111.66 | |
| MAexp50: | 128.89 | |
| MAexp100: | 158.44 | |
| Price / MA7: | -15.64% | |
| Price / MA20: | -9.21% | |
| Price / MA50: | -21.30% | |
| Price / MA100: | -42.90% | |
| Price / MAexp7: | -10.32% | |
| Price / MAexp20: | -11.86% | |
| Price / MAexp50: | -23.64% | |
| Price / MAexp100: | -37.88% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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